The value of bitcoin and other cryptocurrencies fell sharply, as the Federal Reserve's announcement of more aggressive monetary policy tightening in its December meeting notes hit risk assets globally.
According to CoinDesk, bitcoin was traded for slightly less than 43,2 thousand USD, which is almost seven percent less compared to the previous day, reports Tanjug.
In the last 24 hours, the price of the world's oldest cryptocurrency at one point fell to only 42,5 thousand USD, the lowest new in more than a month.
Other cryptocurrencies also fell. The price of ether sank almost ten percent to 3,45 thousand USD.
The cryptocurrency sell-off followed a fall in stocks following the release of minutes from the Fed's December meeting, in which the central bank signaled a faster withdrawal of accommodative monetary policy, including a more aggressive reduction in the amount of bonds it holds.
The Fed has announced that it may have to raise its benchmark interest rate earlier than originally anticipated.
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